INN Innovision Res.

 

TIDMINN 
 
RNS Number : 0739K 
Innovision Research&Technology PLC 
13 April 2010 
 
                      Innovision Research & Technology plc 
                      (the "Company" or "Innovision R&T") 
 
                               Major NFC Contract 
 
The Company is pleased to announce that it has signed a significant new contract 
with another global leading semiconductor corporation for the use of its NFC IP 
(Intellectual Property) in their range of chips targeted at mobile handsets and 
other consumer electronic products incorporating connectivity solutions.  There 
will be licence and development services revenue in excess of $2 million in this 
financial year with further development, licence and royalty flows anticipated 
in the following years. The Board of Innovision R&T expects this contract to 
generate direct revenues in excess of $10 million over several years from a 
combination of licence, development and royalty income. 
 
David Wollen, Chief Executive Officer, said: 
 
"Winning such a major licence and royalty deal for our NFC IP with such a 
leading semiconductor corporation at the start of our new fiscal year is 
tremendously encouraging.  There are signs of great activity in the NFC world 
and this win should secure our IP into a significant proportion of the NFC 
handsets in years to come. It clearly vindicates our continuing approach of 
investing strongly now in our leading NFC IP and design capability for the 
long-term future. 
 
"Furthermore it endorses the management's view that we are strengthening our 
position at a crucial time. In addition to a strong royalty stream based on 
expected handset shipments it also provides a foundation on which to build our 
tags and peripherals business for applications that will interact with the 
phones using NFC." 
 
 
Enquiries: 
 
Innovision Research & Technology Plc                                       Tel: 
01285 888 200 
David Wollen, Chief Executive Officer 
Brian McKenzie, Finance Director 
 
KBC Peel Hunt Ltd (Nominated Adviser and Broker)                Tel: 020 7418 
8900 
Jonathan Marren 
David Anderson 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CNTITMMTMBBBTAM 
 

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